CRL Stock Analysis: Carel Industries S.p.A | MI
Electronic Components | MI, Italy | Market Cap: 3.251m EUR | 12M Return: 22.4% | IT0005331019 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.39M
EPS Trend: 14.0%
Qual. Beats: 1
Rev. Trend: 16.9%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 8.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Carel Industries S.p.A. is an Italian company, headquartered in Brugine and founded in 1973, that designs, manufactures, and distributes control and humidification solutions for HVAC and refrigeration applications across Europe, the Middle East, Africa, the Americas, and Asia Pacific. Its product portfolio spans programmable controls, sensors, electronic expansion valves, inverters, steam and adiabatic humidifiers, reverse osmosis water treatment systems, IoT digital services, and remote monitoring platforms. The company also provides technical support, field and repair services, and spare parts, serving residential, industrial, and commercial segments in HVAC as well as food retail and food service segments in refrigeration.
Carel operates within the electronic components sub-industry of the broader industrial automation and building controls sector, where it occupies a specialized niche in climate control electronics rather than competing in general-purpose semiconductors or mechanical HVAC equipment. The integration of IoT connectivity and remote supervision into its offering reflects the wider shift in the sector toward smart building and energy-efficiency solutions, which increasingly tie hardware sales to recurring digital service revenue streams.
- EU F-Gas regulation accelerates HVAC controls demand
- Heat pump adoption expands electronic controls addressable market
- IoT digital services lift recurring revenue mix and margins
| Net Income: 92.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -1.62 > 1.0 |
| NWC/Revenue: 21.36% < 20% (prev 20.50%; Δ 0.87% < -1%) |
| CFO/TA 0.11 > 3% & CFO 102.6m > Net Income 92.8m |
| Net Debt (23.8m) to EBITDA (148.1m): 0.16 < 3 |
| Current Ratio: 1.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (110.7m) vs 12m ago -1.53% < -2% |
| Gross Margin: 15.08% > 18% (prev 46.54%; Δ -31.45% > 0.5%) |
| Asset Turnover: 79.64% > 50% (prev 70.56%; Δ 9.08% > 0%) |
| Interest Coverage Ratio: 21.47 > 6 (EBIT TTM 106.0m / Interest Expense TTM 4.94m) |
| A: 0.16 (Total Current Assets 396.2m - Total Current Liabilities 248.2m) / Total Assets 899.6m |
| B: 0.30 (Retained Earnings 268.2m / Total Assets 899.6m) |
| C: 0.12 (EBIT TTM 106.0m / Avg Total Assets 870.2m) |
| D: 1.31 (Book Value of Equity 506.8m / Total Liabilities 387.0m) |
| Altman-Z'' = 4.25 = AA |
| DSRI: 1.05 (Receivables 145.8m/119.0m, Revenue 693.0m/593.2m) |
| GMI: 3.09 (GM 46.54% / 15.08%) |
| AQI: 0.92 (AQ_t 0.43 / AQ_t-1 0.47) |
| SGI: 1.17 (Revenue 693.0m / 593.2m) |
| TATA: -0.01 (NI 92.8m - CFO 102.6m) / TA 899.6m) |
| Beneish M = -1.02 (Cap -4..+1) = D |
As of October 09, 2026, the stock is trading at EUR 26.75 with a total of 76,884 shares traded. Over the past week, the price has changed by -4.29%, over one month by -2.37%, over three months by -5.48% and over the past year by +22.39%.
Current recommended Stop Loss: 24.40 (which is 8.8% or 2.6 ATR below the current price).
Carel Industries S.p.A has no consensus analysts rating.
P/E Trailing = 35.2439
P/S = 4.6914
P/B = 6.3921
Revenue TTM = 693.0m EUR
EBIT TTM = 106.0m EUR
EBITDA TTM = 148.1m EUR
Long Term Debt = 77.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 18.3m EUR (from shortTermDebt, last quarter)
Debt = 150.1m EUR (from shortLongTermDebtTotal, last quarter) + Leases 30.9m
Net Debt = 23.8m EUR (calculated: Debt 150.1m - CCE 126.3m)
Enterprise Value = 3.27b EUR (3.25b + Debt 150.1m - CCE 126.3m)
Interest Coverage Ratio = 21.47 (Ebit TTM 106.0m / Interest Expense TTM 4.94m)
EV/FCF = 36.76x (Enterprise Value 3.27b / FCF TTM 89.1m)
FCF Yield = 2.72% (FCF TTM 89.1m / Enterprise Value 3.27b)
FCF Margin = 12.85% (FCF TTM 89.1m / Revenue TTM 693.0m)
Net Margin = 13.40% (Net Income TTM 92.8m / Revenue TTM 693.0m)
Gross Margin = 15.08% ((Revenue TTM 693.0m - Cost of Revenue TTM 588.5m) / Revenue TTM)
Gross Margin QoQ = 17.95% (prev 15.29%)
Tobins Q-Ratio = 3.64 (Enterprise Value 3.27b / Total Assets 899.6m)
Interest Expense / Debt = 3.29% (Interest Expense 4.94m / Debt 150.1m)
Taxrate = 22.68% (27.3m / 120.5m)
NOPAT = 82.0m (EBIT 106.0m * (1 - 22.68%))
Current Ratio = 1.60 (Total Current Assets 396.2m / Total Current Liabilities 248.2m)
Debt / Equity = 0.30 (Debt 150.1m / totalStockholderEquity, last quarter 506.8m)
Debt / EBITDA = 0.16 (Net Debt 23.8m / EBITDA 148.1m)
Debt / FCF = 0.27 (Net Debt 23.8m / FCF TTM 89.1m)
Total Stockholder Equity = 482.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.67% (Net Income 92.8m / Total Assets 899.6m)
RoE = 19.25% (Net Income TTM 92.8m / Total Stockholder Equity 482.2m)
RoCE = 18.95% (EBIT 106.0m / Capital Employed (Equity 482.2m + L.T.Debt 77.4m))
RoIC = 12.91% (NOPAT 82.0m / Invested Capital 635.1m)
WACC = 8.49% (E(3.25b)/V(3.40b) * Re(8.76%) + D(150.1m)/V(3.40b) * Rd(3.29%) * (1-Tc(0.23)))
Discount Rate = 8.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -16.19 | Cagr: -0.70%
[DCF] Terminal Value 73.78% ; FCFF base≈92.2m ; Y1≈86.3m ; Y5≈79.6m
[DCF] Fair Price = 10.71 (EV 1.23b - Net Debt 23.8m = Equity 1.21b / Shares 112.5m; r=8.49% [WACC]; 5y FCF grow -8.01% → 2.50% )
EPS Correlation: 13.96 | EPS CAGR: 2.58% | SUE: 0.96 | # QB: 1
Revenue Correlation: 16.90 | Revenue CAGR: 1.06% | SUE: 3.36 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.21 | Chg30d=+16.67% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.82 | Chg30d=+0.00% | Revisions=+67% | GrowthEPS=+25.6% | GrowthRev=+18.4%
EPS next Year (2027-12-31): EPS=0.88 | Chg30d=+0.00% | Revisions=+62% | GrowthEPS=+12.9% | GrowthRev=+11.4%
[Analyst] Revisions Ratio: +80% (up=12, down=0)